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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Oil

32 Results / Page 4 of 4

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Local

Unlocking Namibia’s Oil and Gas Potential: Insights from African Energy Week 2023 Presentation by Namcor

Namibian national oil company Namcor is progressing plans to further develop the country’s oil and gas sector to meet ongoing energy demands and to eradicate energy poverty, with the company settings its sights on drilling two gas and oil wells in collaboration with international oil companies in the fourth quarter of 2023 and into the first quarter of 2024. Namcor holds a unique position as both an upstream and downstream […]

todayOctober 19, 2023 10

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Business / Economics

Namibian Petroleum Commissioner Shares Updates on Country’s Energy Prospects at #AEW2023

Maggy Shino, the Petroleum Commissioner of Namibia's Ministry of Mines and Energy, provided a comprehensive update on the nation's oil and gas sector during a workshop session at African Energy Week (AEW) 2023 organized by the African Energy Chamber (www.EnergyChamber.org). Shino commenced by highlighting the promising opportunities in Namibia, particularly regarding the arrival of Total's Deepsea Mira rig. She shared, "Total’s Deepsea Mira rig departed from Bergen, Norway, at the […]

todayOctober 19, 2023 5

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Namibia

President Hage Geingob says Namibia is currently a ‘hotbed’ for hydrocarbon prospecting

President Hage Geingob yesterday stated that Namibia is currently a ‘hotbed’ for hydrocarbon prospecting with a share of 13 per cent of all offshore rigs operating in Africa.  Geingob said this at the African energy renaissance themed: prioritising energy poverty, people, planet, industrialisation and free markets which ends today in South Africa. A statement issued by the Presidency quoted the president as saying that the country has witnessed more than […]

todayOctober 18, 2023

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Business / Economics

Oil prices soar as producers unveil shock output cut

Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels per day, while equities mostly rose after data showed US and European inflation eased further last month. However, the decision by the OPEC+ cartel fanned concerns about a fresh spike in prices that could put pressure on central banks to push interest rates higher. Both main crude contracts jumped around eight percent […]

todayApril 3, 2023 4

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